187: Why There are More Millionaires Today

Learn why there are more millionaires today, according to a wealth management study, and how they are getting wealthier.

Have you checked out the Creating Wealth podcast yet with Jason Hartman? It's full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you'll like that one too. http://bit.ly/wealthpod

I'm going to share with you an article from Barron's called "Penta Millionaires: The New Rising Class" written by Stacy Perman.

I'm going to read a lot of the information because it's statistics, but I'll also comment where I can.

I'm sure you'll want to know why are people becoming wealthier at an increasing rate and how can you participate?!

Last year the number of households with more than $5 million in investible assets crossed the 1 million mark, up 5% from 2014.

The $1MM to $5MM category increased 42%.

The $5MM to $20MM category increased 38%.

The $20MM to $100MM category increased by 64%.

The $100MM to $1B category increased by 61%.

The $1B+ category increased by 26%.

Wealth is created by money engines that are compounding!

Businesses are a large part of it. So are investments in real estate and stocks.

It's hardest to make your first million dollars, but keep working on it!

Use the 6 Steps to Wealth. Educate yourself. Hang out with millionaires. Join the VIP Experience!